Thailand
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Thailand Seeks Public Comment on Baht Stablecoin Oversight Proposal Until the 17th
- Bank of Thailand is accepting public comments from October 19 through November 17 on supervisory principles for issuers of baht-pegged, fully asset-backed stablecoins; this is a proposal on oversight principles, not a finalized licensing framework.
- The BOT positions the proposed stablecoins as a payment tool to complement tokenized-asset transactions, not as a substitute for existing payment infrastructure.
- Hong Kong has expanded a pilot program enabling 24-hour interbank settlement of tokenized deposit transactions, while China has written a crypto-asset-related anti-corruption crackdown into a Communist Party decision document.